Airlines
Transat takes action as margins suffer
Transat A.T has reported that for its fiscal year ending Oct. 31, 2011, it posted revenues of $3.7 billion, compared with $3.5 billion in 2010. Its margin before restructuring charge of $36.5 million, compared with $127.6 million in 2010, and a net loss of $12.2 million ($0.32 per share on a diluted basis), compared with net income of $65.6 million ($1.73 per share on a diluted basis) in 2010. Before non-operating items, Transat reported an adjusted after-tax loss3 of $7.2ámillion in 2011 ($0.19 per share on a diluted basis), compared with a net income of $53.7 million ($1.41 per share...